205 Strand Dr #405Melbourne BeachFL32951
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Melbourne Beach at 205 Strand Dr #405, Melbourne Beach, FL, 32951 priced at $1,695,000 converts $11,750/mo rent into after a $8,296/mo obligation. Total monthly income equals $11,750/mo. Return on cash invested prints 19.28% in year one, and rental yield reads 8.32% against a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation compiles into $468,297 by year five. Five-year ROI reaches 100.76% and total cumulative return in cash sums $553,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,750/mo property income covering a $8,296/mo payment, not borrower’s personal income.
Condo
Built in 2022
1,306 sqft lot
$N/A/sqft
$1,000 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Meredith L. Shapiro • MLS Realty of Weston, LLC
Mls Name: Space Coast AOR
Mls ID: #1014962
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.